This bill aims to eliminate various tax credits related to clean and alternative fuel vehicles. By doing so, it affects the financial incentives for purchasing these types of vehicles.
Restoring Vehicle Market Freedom Act of 2025This bill repeals federal tax credits for the purchase of certain clean vehicles (generally electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles) and certain vehicle refueling property. Specifically, the bill repeals the federal tax credits for the purchase of a qualified used clean vehicle (tax credit of up to $4,000 for the purchase of a previously-owned clean vehicle before 2033), the purchase of a qualified new clean vehicle (tax credit of up to $7,500 for the purchase of a new clean vehicle before 2033), the purchase of a qualified commercial clean vehicle (business tax credit of up to $40,000 for the purchase of a commercial clean vehicle before 2033), andalternative fuel vehicle refueling property (tax credit of up to $1,000 for individuals or up to $100,000 for businesses for the installation of property before 2033 used to store or dispense clean-burning fuel or to recharge electric vehicles).
